Donald Trump's reciprocal tariffs: Running blind on a global tightrope

The biggest issue is the assumption that while Mr Trump upends the existing order at his own will, "all other things will remain equal"

Last week, American President Donald Trump set the global trading system ablaze by imposing massive tariffs on countries/geographical regions with large trade surpluses with the United States (US), such as China, Japan, South Korea, Vietnam, India, and the European Union. The repercussions are mind-boggling. A month ago, I suggested: “Unless something changes, Trump is a huge threat right now, which is perhaps not being fully recognised.” In fact, way back in mid-November, I wrote: “It would be suicidal to assume that his promised actions would be tempered … Even if a part of Trumponomics is implemented, it will hit the